Reuters UK Business

Johnson Matthey’s largest shareholder calls for strategic review, board reshuffle

16 Dec 2024

(Reuters) -Standard Investments, the largest shareholder in UK’s Johnson Matthey, on Monday urged the British autocatalyst maker to initiate a strategic review and overhaul its board. Standard Investments, which holds an 11% stake in the London-listed company, said in a letter addressed to Johnson Matthey Chairman Patrick Thomas that the board and management had remained …

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EU kick starts new secure satellite constellation

16 Dec 2024

BRUSSELS (Reuters) – The European Commission on Monday awarded contracts to push forward delayed plans for a 10.6 billion euro ($11.13 billion) secure European satellite constellation in response to Elon Musk’s Starlink and other fast-growing internet networks. The multi-orbit array of more than 280 satellites known as IRIS² will provide an encrypted backbone for European …

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UK employers cut staffing, turn more pessimistic as budget bites

16 Dec 2024

By William Schomberg LONDON (Reuters) -British businesses cut staffing by the most since the COVID pandemic and reported the sharpest confidence drop also since the lockdowns, according to two surveys that placed much of the blame on the new government’s tax increases. The preliminary S&P Global Flash Composite Purchasing Managers’ Index for December and a …

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Mosel river in Germany partially reopens to shipping, sailings limited

16 Dec 2024

HAMBURG (Reuters) -The Mosel in west Germany was partially reopened to cargo shipping on Monday after a temporary lock was installed over the weekend, but the number of vessels able to sail will be limited, navigation authorities said. The river, an important transit route for grains and rapeseed between Germany and France, was closed to …

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Norway’s sovereign wealth fund buys stakes in logistics properties

16 Dec 2024

COPENHAGEN (Reuters) – Norway’s sovereign wealth fund said on Monday it had acquired a portfolio of seven logistics properties across different European countries, which will be co-owned by its real estate partner Prologis. Norges Bank Investment Management (NBIM) paid 166 million euros ($174.17 million) for its 49.5% stake in the portfolio, it said in a …

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UK house prices likely to rise by 2%-4% in 2025, Nationwide says

16 Dec 2024

LONDON (Reuters) – British house prices are expected to increase next year as borrowing costs and affordability constraints ease, despite a rise in home purchase taxes that will take effect from April, mortgage lender Nationwide said on Monday. Prices are expected to rise by 2% to 4% in 2025, Nationwide said. “Providing the economy continues …

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Czech central bank will interrupt rate cut path, analysts say: Reuters poll

16 Dec 2024

(This Dec. 13 story has been corrected to remove two erroneous bullet points) By Jan Lopatka PRAGUE (Reuters) – The Czech National Bank (CNB) will interrupt its policy-easing cycle next week after a year of consecutive rate cuts, but will return to easing in the first quarter next year, a Reuters poll suggested on Friday. …

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